Axa’s protection account is now available to Sesame network members as part of its phased market roll-out.The account – which is currently available via Bankhall, Millfield, Tenet and Lifesearch – offers a menu-based proposition, including life cover, critical-illness cover, income protection and household insurance. Sesame has a total of around 7,000 advisers across the UK and those which are regulated to advise on protection will have access to the protection account. Axa says more partners will be brought on board throughout the year. Head of protection Bar-bara Reilly says: “We are delighted that Sesame is impressed with our protection proposition and that they want to make it available to their members. This is an important milestone for us as we move towards our proposition becoming available to the whole of the market later this year.” Sesame product manager life & pensions Phil Hull says: “Axa’s protection account is a welcome addition to the range of quality protection products available to Sesame members. Greater competition and innovation is good news and will enable adv-isers to provide their clients with a wider choice of protection solutions.”
Chancellor Gordon Brown is being called on to prevent an estimated two million children losing part of their child trust fund allowances because of their birthdays.
Sixteen IFA firms have been declared in default of the Financial Services Compensation Scheme.
Bank of Ireland is reckoned to be on the brink of selling Chase de Vere Financial Solutions to AWD for around 15m.
Protection products should not be treated the same as simpler general insurance products under the new regulatory regime, says consumers’ association ‘Which?’
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